Loans

What are Hard Money Lenders?
Hard money lenders are basically private individuals or companies who lend capital in order to finance real estate transactions for business purpose (i.e., flipping houses or buying rental property). Hard money lenders fill the void that banks and traditional lenders refuse to do, by loaning on distressed properties and providing the funds necessary to rehab/renovate a property. Hard money lenders offer programs with rates, terms, and fees that are generally ...

If you’re a federal student loan borrower, one of the main perks is student loan forgiveness. Under certain programs like the Public Service Loan Forgiveness program (PSLF) and income-driven repayment, student loan borrowers can get their loans forgiven in full after a certain amount of time.
But late last year, the first round of eligible PSLF borrowers were hit with a harsh reality — only one percent of borrowers were approved for PSLF forgiveness. Despite this grim reality now, you s...

Financial issues are inherent in everything we do. We need money to purchase everyday items like food and clothing, keep our utilities on, and pay for medical expenses. We need money for everything. The problem is there is so much to pay for that when life's unexpected expenses surface, we don’t have money to pay to afford them. The key is to have enough money ahead that you can handle emergencies or unforeseen circumstances when they come up. You need an emergency savings account, you need to p...

Chances are if you’re reading this, you have student loans. If that’s so, then you are probably also worried about what happens if those loans go into, or have already gone into default. It is something to be worried about, but your best weapon against this scenario is going to be learning what going into default means, how you can avoid it, and learning about the 3 things that happen when you default on your loans. Here I will lay out the basics of this aspect of student loan law, followed...

Student loans are an integral part of the higher-education financial aid structure. They come from different sources and can be paid at different rates, in different times, and under varying conditions. Although its a point of controversy, student loans, especially federal and institutional loans, are a crucial mechanism to obtain the financial resources to go to college.They are almost certainly a part of most comprehensive aid packages, and should therefore be thoroughly understood and explore...

So you’ve been paying for your dream home and you know you have enough money to purchase it, but you’re also considering mortgage refinancing and you’re not sure where to start and how it goes. Well, first, you need to know what you’re dealing with.
Like in any other instance of financial decision-making, it is best to weigh the pros and cons first before taking the plunge, so to speak. One thing we’re all sure of is that you need to be certain that you don’t invest your life savings into a b...

No one starts out thinking they will ever face credit ruin, but when debt becomes difficult to manage and too many late and missed payments are reported to the credit bureaus, credit scores take a dive. For some people a poor credit score is a result of irresponsible money management while for others it’s the result of an unexpected curve, as in a job loss or a medical emergency that wreaks havoc on their finances. The most challenging scenario for anyone needing credit is the devastation of ban...

There's been a surprising trend in consumer debt over the past few years. For the first time ever, student loans have surpassed credit cards as the largest source of debt among American households. Total student loan debt has surpassed the $1 trillion mark, and the average person who took out a loan for higher education has $25,000 left on his or her tab. And the number of people defaulting on student loans has risen, forcing many of them to endure nasty phone calls from collection agencies on t...

Many people across the nation can relate to the individual struggling to pay back his or her student loans.
Due to not properly approaching the loan process or simply not understanding the long-term ramifications of accruing student loans over time, many people end up with large debts that result in years and years of financial distress.
Whether you are headed off to college this fall for the first time or you are in college presently, whether or not you require student loans will go a l...

In our consumer driven society, it’s extremely easy to borrow money. Whether you’re racking up credit card debt on clothing, obtaining a mortgage with a 5% down payment, buying furniture on layaway, or getting a car loan to purchase a new ride, there are always new opportunities to buy something using someone else’s money.
Money can be a touchy subject, especially for those who are struggling to get out of debt. But whatever your financial situation, there will likely be times when you nee...